Property Overview: 80 Ellesmere Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Glenwood presents a practical and value-oriented opportunity. Its key characteristic is a generous 5,125 sqft lot, which is notably larger than most in the immediate area and on the street itself. The home itself is compact at 700 sqft of living space, with a renovated basement adding functional square footage. Built in 1942, it is typical for the neighbourhood's vintage. A detached garage completes the property.

The primary appeal lies in its land value and basement potential. The sizable lot offers room for gardening, expansion, or simply more private outdoor space than is common for the price point. The renovated basement immediately adds usable living area. This property would suit first-time buyers seeking an entry into the market with a solid land base, or practical investors looking for a manageable rental property. It’s a home where the value is grounded more in its lot and location than in its interior square footage, appealing to those who see potential beyond the current footprint.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 700 sqft above grade, the main floor is compact. However, the renovated basement significantly expands the usable living area, making the overall footprint more functional for a small household or an investor.

2. How does the assessed value relate to the recent sale price?
The home has an assessed value of $28,100, but sold in mid-2024 for between $32,500 and $35,500. This is common, as assessed value for tax purposes often lags behind current market value, which is influenced by recent sales, demand, and the condition of the property.

3. What does the "below average" living area ranking mean?
The rankings compare this home to others. While its living area is below the average for Winnipeg overall, it is much more typical for the Glenwood neighbourhood and Ellesmere Avenue specifically. This context is important—you're buying into an area of primarily modest, older homes.

4. Are there any concerns with a home built in 1942?
While the systems and structure of a 84-year-old home should be thoroughly inspected, its age is actually around average for the street and neighbourhood. This can be an advantage, as local contractors are often very familiar with the maintenance and renovation needs of homes from this era.

5. What is the advantage of such a large lot?
The lot is a standout feature. It provides ample yard space, better privacy from neighbours, and future potential. For the right buyer, this land represents a significant portion of the property's long-term value, whether for enjoyment, gardening, or possible future expansion (subject to zoning and permits).